Give me  a monitored, fair and honest hearing that protects my equity.
  • Petitioned The agencies that supervise the Home Affordable Mortgage Program

This petition was delivered to:

The agencies that supervise the Home Affordable Mortgage Program

Give me a monitored, fair and honest hearing that protects my equity.

    1. Laurence Faulks
    2. Petition by

      Laurence Faulks

      San Francisco, CA

Give me a monitored, fair and honest hearing that protects my equity.

MY FAMILY IS ABOUT TO BECOME HOMELESS IN A FEW DAYS!!! My parents purchased our home in San Francisco fifty years ago in 1962. I had gainful employment until two years ago when a medical problem and a failed surgery resulted in my permanent disability. Now, I, our renter and my brother -- who is also disabled -- face eviction next week.

Two years ago, I applied for a loan modification with Wells Fargo Bank. The bank lost document after document and then claimed I never sent them, and forced me to repeatedly start over. When I filed complaints with the federal government, then they claimed that even documents sent by government-certified housing counselors were never sent -- even though the agency still has extensive records of these documents being sent to the bank. The bank promised me in five letters that they would not sell the house while a modification was in progress. But they did. This is a practice called "dual-tracking." Banks were told to stop dual-tracking by the Comptroller of the Currency in an order dated April 2011-- well before they took our home away from us.

The bank also didn’t bother to inform me that they'd sold our house. I found out when a realtor knocked on my door the day of the sale. According to the numbers that the bank presented at the auction, I had about $1 million in equity that is now simply gone.

Please urge the Housing and Urban Development Department (HUD), the Department of the Treasury, the Comptroller of the Currency and the Home Affordable Mortgage Program (HAMP) to investigate this travesty and force the bank to buy back our home. To be clear, I'm not demanding a mortgage modification. All I want is a monitored, fair and honest hearing that protects my equity.

Recent signatures

    News

    1. Another article: This one's in the online version of the SF Chronicle

      Laurence Faulks
      Petition Organizer
      SF man says foreclosure stole his equity

      Outside legal experts who reviewed his case said it highlights how California law doesn't safeguard the rare homeowners with equity in a foreclosure. "There is a huge gap in the armor that leaves (people with equity) fundamentally unprotected" in foreclosure, said Oakland real estate attorney Charles Hansen, a partner in Wendel Rosen Black & Dean.

    2. More press

      Laurence Faulks
      Petition Organizer

      A new article in the California Real Estate Fraud Report:
      http://www.californiarealestatefraudreport.com/

    3. 11th Hour Reprieve!!!

      Laurence Faulks
      Petition Organizer

      Yesterday was one hell of a day!!! I was up almost all night packing and freaking out. I got out all of my camping gear and with Google's help, I found a nice state park with showers that wasn't too far away. I figured that at least I could spend a few days unwinding before looking for a place to live.

      Around 12:30 pm, about two dozen supporters from Occupy showed up, along with a photographer from the Chronicle. About a half hour before the eviction was to take place, the sheriff called it off for two weeks. He'd been pressured by two members of the city Board of Supervisors and a couple of community groups. My lawyers joined the small crowd and we posed for pictures. It was a great win! I've done a lot of catching up on my sleep since then.

      There's also a follow up article in the local gay paper. When it went to press, the eviction was still going ahead.
      http://www.ebar.com/news/article.php?sec=news&article=68265

      This afternoon, I was interviewed by the San Francisco Chronicle. It

      The Bay Area Reporter Online |

      Breaking news & opinion from the B.A.R.

    4. EVICTION!!!

      Laurence Faulks
      Petition Organizer

      Friends--
      I'M GOING TO BE EVICTED TOMORROW AROUND 1 PM. I've been trying to resolve this issue but it looks like I'm at the end of my rope. My brother and our renter can stay but I will be evicted tomorrow. I NEED AS MANY PEOPLE AS POSSIBLE HERE TOMORROW AT NOON TO WITNESS WHAT HAPPENS. Please pass this on. If you can't be here physically, I need you here in spirit.

      Email me if you need more info.

      Larry Faulks

    5. Another update:

      Laurence Faulks
      Petition Organizer

      There are several negotiations going on but I can't talk about them online. Until things are clearer, I still live under the threat of eviction. My hair is getting grayer by the day.

    6. More on the press coverage

      Laurence Faulks
      Petition Organizer

      I sent the bank all of the documents that they requested and as far as I knew, my modification was being reviewed until the minute that the realtor knocked on my door and told me that my house was being sold in an hour. The bank never approved or denied the modification until I complained to several federal agencies after the unannounced sale. The bank didn't attempt to work out any sort of a solution. They just sold the house without telling me. They probably thought that I'd keep quiet about it.

      I love the Internet.

      http://ebar.com/news/article.php?sec=news&article=68221

      The Bay Area Reporter Online |

      Breaking news & opinion from the B.A.R.

    7. My situation got some press coverage, FINALLY!!!

      Laurence Faulks
      Petition Organizer

      Here's the article in the San Francisco Bay Area Reporter. The article mentions my illness. Note that I got over the infection a while ago.

      http://ebar.com/news/article.php?sec=news&article=68221

      The Bay Area Reporter Online |

      Breaking news & opinion from the B.A.R.

    8. More news

      Laurence Faulks
      Petition Organizer

      Lots of things are happening at the same time. I'm still going around in circles with the federal agencies. The sheriff postponed the eviction one more week. On Saturday the local Occupy group gathered signatures for a petition to be sent to the CEO of Wells Fargo. Here's my interview:
      http://www.youtube.com/watch?feature=player_embedded&v=2ncjiXIA0Ek

      Part II of Occupy Wells Fargo to Save the Faulks Home in San Francisco

      Part II of Occupy Wells Fargo to Save the Faulks Home in San Francisco (VID00003.MOV)

    9. LATE BREAKING NEWS

      Laurence Faulks
      Petition Organizer

      This afternoon, I spoke with the attorney for the people who bought the house. They're probably going to appeal my brother's rights as a tenant. Unless something happens tomorrow, I'm going to be evicted Wednesday at 6 a.m. At least for the time being, my brother and our renter are allowed to stay but I'm being kicked out.

      Folks PLEASE, PLEASE, PLEASE call John Stompf and Brenda Wright at Wells Fargo to urge them to buy the house back immediately and begin modification negotiations.

      John Stumpf
      CEO, Wells Fargo
      Phone: 415-396-7018
      Email: john.g.stumpf@wellsfargo.com

      Brenda Wright
      Community Relations
      Wells Fargo Bank
      Phone: 415-623-7738

    10. Three things

      Laurence Faulks
      Petition Organizer

      1) Last week, we went to court. The company that bought the house had challenged my brother's rights as a tenant. Without those, he'd be easy to evict. Fortunately, the judge ruled in our favor so now, my brother and our renter can stay in the house. I'm still being evicted on Wednesday but efforts are underway to get that postponed.

      2) Jackie Speier's office looks like they're going to do something, after all.

      3) Please contact these people at Wells Fargo to urge them to buy back the house and begin modification negotiations.

      John Stumpf, CEO, Wells Fargo 415-396-7018
      john.g.stumpf@wellsfargo.com

      Brenda Wright, Community Relations, Wells Fargo 415-623-7738

      Larry

    11. Someone to "thank"

      Laurence Faulks
      Petition Organizer

      As the clock ticks away towards my eviction on Wednesday, I'm forced to take off my normal "be nice" gloves.

      For about a week, I've been working with Representative Jackie Speier's office, hoping that they would help resolve all of this. They have declined to get involved. Apparently, they have a policy that prevents them from getting involved once a house has been sold. They believe that after a sale, the matter could involve litigation so they don't do anything. The bank sold my house without telling me. I don't have ESP, so I couldn't have contacted Ms. Speier's office before the sale. Her office is willing to get me information about low-cost and subsidized housing.

      If you want to thank her office for their "help" and non-involvement and the information about low-cost and subsidized housing, please contact her and let them know what you think.

      Jackie Speiers
      400 S. El Camino Real, Suite 410
      San Mateo, CA 94402
      Phone: (650) 342-0300

    12. Reached 500 signatures
    13. I got a two week extension

      Laurence Faulks
      Petition Organizer

      Occupy San Francisco and ACCE (Alliance of Californians for Community Empowerment) have negotiated a two-week delay on my eviction!!! I'm continuing to put pressure on the federal government to do something about this situation.

    14. Reached 250 signatures
    15. Dual-Tracking Continues

      Laurence Faulks
      Petition Organizer

      Read this article:
      "After Mortgage Settlement, Banks Continued Abusive Practice, California Monitor Says"
      http://www.huffingtonpost.com/2012/10/02/mortgage-settlement_n_1933058.html

    16. Reached 50 signatures

    Supporters

    Reasons for signing

    • Courtney saarela SPRING CREEK, NV
      • over 1 year ago

      The reason this is important to me is we tried short selling our home and bank of America would not coroperate and lost our buyers they wouldn't even work with our real estate agent!

      REPORT THIS COMMENT:
    • James Muszalski SAN FRANCISCO, CA
      • about 2 years ago

      Wells Fargo should get take the first stage coach out of town.

      REPORT THIS COMMENT:
    • Albert Sawa KISSIMMEE, FL
      • about 2 years ago

      Larry owns 80% of house and bank owns 20% and they took the house??? So wrong!!

      REPORT THIS COMMENT:
    • BRIANA REED SAN FRANCISCO, CA
      • about 2 years ago

      no one should be forced out of their homes...and banks should not be allowed to do the things they are doing to all the families involved

      REPORT THIS COMMENT:
    • Mary D. Quinn SAN FRANCISCO, CA
      • about 2 years ago

      Because I think banks are corrupt.

      REPORT THIS COMMENT:

    Develop your own tools to win.

    Use the Change.org API to develop your own organizing tools. Find out how to get started.